CannAmerica Brands Completes Private Placement

January 10, 2019

CannAmerica Brands Corp. (CSE: CANA) (OTCQB: CNNXF) has completed an equity financing for aggregate gross proceeds of approximately $1.6 million. The offering was completed by Canaccord Genuity Corp. and Gravitas Securities Inc., as co-lead agents, along with PI Financial Corp., Richardson GMP Ltd., and INFOR Financial Inc.

The company operates a portfolio of cannabis brands with licensing agreements in the states of Colorado, Nevada and Maryland.

Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team that consisted of Perry Dellelce, Michael Rennie, Amir Torabi and Melissa Smith (corporate/securities).